Topic: Is this a good plan (Read 657 times)

Specially now that the market is moving sideways or simply does have minimal volatility which it doesnt really follow any possible Technicals that had been set out
just like mine.

Accumulation level or point is really hard to determine but as we do observe on where the market goes going down gradually which is really hard to be predicted.

Therefore, for those who are eyeing  for some opportunity to get in then its better to wait up a bit before making any positions.

To me the best plan right now is to wait and this is because it seems like a dip is coming and this could be a great opportunity to load on more bitcoin, and once you do then the only thing you need to do is to hold those coins, it is not going to be easy because as we know the market does not move in a linear way and it can have extreme ups and downs but if you know about the technology behind bitcoin and you are convinced about it then you can hold your coins through the bad times and enjoy the huge profits you will get during the good times.

Even when you buy at the bull time, if you have an income that you can save money from that means you could keep buying the more it drops and that is DCA like the OP suggested. So let's assume you bought 10k at 60k, that is horrible but you did it, then you can keep buying 1k each month that follows which means in a year you will be in a great situation even if it doesn't go up, if it goes up? Then it is going to be even better which is what I believe we should be focusing on.

I keep saying that if you can keep buying then there is no wrong price and nobody listens or understands, just keep buying once a month on equal numbers, could be 10 could be 100 could be 1k doesn't matter, and if you keep doing it, then there is nothing we should be worrying about, just be happy about it because you will profit one way or another in a very long term situation.

Investing in bitcoin when the price drops is not wrong but it is the right choice to buy bitcoin. The price of bitcoin at the moment is around $ 31,000, we can only hope that in 2022 the price of bitcoin rises and breaks through $ 90,000. I will hold my bitcoins until 2022 whether the price of bitcoin will go up by more than $90,000 or it will drop to $20,000.

I think that it's a quite good investment plan. It's good to think about not going all-in when the price is at a certain level. It's good to distribute the amount to invest at different levels. Thanks to this strategy, you won't miss the opportunity when the price goes even lower than this.

If you can make a buy during the bear season, you'll chance to make a profit during the next Bullrun is high but if you are buying during the bullish season, that is something challenging since we are not sure if that market will even surpass the last Bullrun. I mean, it is better to start investing during the bear season as you can make a profit even without waiting for the bull market. 

But how to make this plan works, it is simply we need to study the market and don't jump into it without any ideas.

Optimistic. I like it. It will happen, we just never know when but it will. Same as you I am sure of it but I just don't have the capability to buy more.
I already did when the price was $30k just to bring back what I have sold too early.
I want to keep it as Bitcoin from now on and maybe sell at a price that I think is enough profit that I won't regret it anymore.
Then, leave some just to make more if another bull run happens. I like your strategy and if ever I have the capital I'll do the same.

Investing in bitcoin is the best plan at first instance and nothing can go wrong with it if you are long term holder.When prices will bounce back to $70k you will feel regret that I should have invested more at prices below.So investment in btc is perfect plan and purchasing at dips serve as an extra bonus with it which you should not miss at all.Keeping in mind the volatility factor and your investment could come up very low and if you can handle all this go on with the same.

There is nothing to worry about, when there is storm, there will be calm, when there is bull run, bear run will also later result. If there is bear run now and Bitcoin price dip below certain price specified, I will buy. Only people that can panic are newbies that do not know much about how positive holders should be. Like me I am positive that the price will reach highest price again and pass over it, it is not just that I believe this, I just know that it will occur.

No wonder that plan will prosper as long as btc continue to grow unexpectedly, then try to learn more new things around you to prevent emotional battles by the time panic would tend to happen. That's what every trader encounter in every plans they had, because several factors will hinder your goals due to unwanted market changes. We need to consider those bad times, before achieving successful results on our precious assets.

For newbies the most difficult thing to do is to have the patience necessary to wait for the bull run to come again, think of all the people that have entered the market since the pandemic started, they knew nothing but growth and this gave them a misleading impression out of bitcoin and they thought the price will grow forever and now that they know this is not the case most of them are simply not going to wait for long enough and will sell their coins for a bad price when they should be buying instead.

If we can use the same amount of money to invest in bitcoin and buy bitcoin at many low prices, that can give us more satoshi and that means we will have a chance to sell many satoshis make a profit. I am ready for the next $60k with buying more satoshi from now and the next lower price.

You are right. From that, we need to try to make as much profit as we can so we will have a chance to double or even triple the amount of the money that we have before. I am sure that will be a matter of time that will show to us about how big our profit is in the future. The thing is how we can try from now on and use every chance to invest in bitcoin so we can make a profit in the future.

in cryptocurrency it is not always the trades that we do that will generate profits, and sometimes losses can occur in every transaction we make in the market, and many things can cause a trader to experience losses when trading, because there is no analysis or strategy that can 100% accurate in cryptocurrency trading, but even so we must at least have some basic knowledge that can indeed be our reference in trading, because if we trade without any analysis and only rely on instinct, of course it will only bring losses from the trades we do.

To be honest I had done it before but with alt not on BTC,
It is a good plan the only problem with it is yourself if you also couldn't control yourself just like what happened to me,
I was dividing my investment plan into 2 or 3 and the first one was cool but when the price started to increase I got greedy and screw my plan and invested all of it after the price get high,
And after a couple of days the price went down and I lose some of my money.

I think that it's a quite decent plan to implement. These levels are good to think about it seriously to accumulate more. If my aim was to HODL, I would prefer to buy more. But I wouldn't like to affect you of course. One should make their own decision after asking questions about a topic.

So far, Bitcoin price seems to be more sideways. We can see the high price and low price is only around that rate.
And well, this may still last for weeks.
But, I also personally really expect the pump price of Bitcoin at least in this year, until the end of this year before the next bearish time again.
Does it seem to be a condition where Bitcoin is at a low price, being a rest, and then it may be heading ready to pump again?

Still doing investment in Bitcoin is also a good idea as long as we have been ready for the risks. Me too, expecting Bitcoin will hit $60k again and more this year

I think that there is no problem about this strategy. In the end, you are buying from really advantageous levels considering a new bull run in the future. When the price even reaches its old level ($60k), You'll be in a lot of profit that's for sure. So I think that it's a good choice.

It doesn't even matter if his profit is a lot in $ terms, as long as it is good in % terms and that is all that matters. Doesn't matter how much money you have or not, it only matters how much money you had versus how much money you have, that is the only thing you should care. If you could double your money every single year, only double and nothing more which we all know it is quite possible in crypto, you could go from 100 to 200 to 400 to 800 to 1600 to 3200 to 6400 to 12800 to 25600 to 51200 to 102400 to 204800 to 409600 to 819200.

So in just 13 years you could turn 100 dollars into 820 thousand dollars, this is of course not valid for people who make crazy moves, those people can make much more in a shorter span of time or they could go to zero, this is just people who chase 2x a year and that is definitely possible in crypto because of how volatile it is, so buying when it crashes and selling when it bull runs could give you this on average.

Collecting more btc with different price variations will be more effective than buying all of them at the same time, the market is expected to continue to decline and I have prepared myself to collect more coins under $30k. Are you ready for $60k in the future, so don't miss this opportunity now

OP: It is a good plan and adequately prepares for down. My concern is that it doesn't involve a good plan for up. May I suggest introducing a second layer to the plan to slowly modify based on time. As you've probably seen by now, your limit buy levels as set now have thus far only accumulated the smallest amount that you purchased at $31k, and as more time passes without reaching your other levels, the chances of hitting that bottom $20k level decrease. So, assuming your initial sum was large enough to even contemplate further splitting, what if you take your bottom level and split it into 5 again, and each week buy with that fifth of a fifth at whatever the price is at for that week. That way, if the market continues it's sideways action for 5 more weeks then shoots up never to see $30k again, at least you have accumulated 2/5ths of your initial sum at an average around the bottom. But if it drops back to $28k you're still covered to average down with your remaining layers of Limit Orders. So following through with this second layer, after 5 weeks you reevaluate. If you still feel strongly that a dip to $25k is likely, then maybe just hold and hope, but if as time has passed it becomes less & less likely the $25k mark will ever be seen again (which I suspect will be the case) you can split that 5th into 5ths to continue your weekly buys. This way even if we never again see anything below $28k, you have prepared for UP and accumulated as much coin as possible with the reality of the market. As it is, rather than just how we speculate it will be.

If that OP only chooses those reliable coins, he can never lose his money unless if he gets panic and sell them at a cheaper price. But I feel that he is strong to deal with the market drop and I know he was able to wait for the next Bullrun. So therefore to say that OP's strategy will work for him and the others will consider following what he does. 

We certainly understand the risk here but eventually, it can be minimized if we know how to deal with the unpredicted trend and we are able to control our emotions.

I think that your plans good, that is if you are on the long-term side of the market because you are basically buying when the prices go low but at the same time, you don't get a profit since the market is going down and some of the investment happened during the much higher prices. I would probably do the same but I don't think about it too much.

If he does that, maybe he can make a nice profit in the future because he always buys when the price goes down to accumulate a nice amount of bitcoin. The price can go back to $60k someday and it is better if we prepare from now on while we still have a chance. We never know when that time will come and we could only be ready for that.

But obviously we must understand the risk that is why knowledge is still the best weapon to beat losses.
and finding the lowest value is stupidity because if you are really into holding then you must buy when ypu have funds no matter how much the value is.

True, although it usually doesn't like that it doesn't bring big profits but at least we can benefit from the trades we do, capturing prices gradually can at least give us the opportunity to get the lowest price but the problem is often if the profits we get will usually be cover losses from the purchase price in the second or first stage, unless the market price rises more than the first stage purchase price, of course it will provide us with profits, although not large.

Of course this is a good plan, bitcoin is the most profitable investment because it is proven to make our money increase 100x or even more. but i suggest not to put all the money in bitcoin, it's better to share it in many places.

Its a good strategy, I tried this as well before and did profit (though not that huge) after few months of waiting.

In my experience the problem that is hard to deal with is to set aside the emotion because it can affect your plan. Having worries and losing patience are quite common but if you cant deal with it accordingly it can hinder you to do what's supposed to be done.

Nevertheless as long as you're gaining with your chosen strategy then its always a good decision.

This is a good plan. In investing, of course, it takes courage to take risks, I also often do that, when the price of bitcoin drops then I will buy again, and this technique has proven to be profitable because bitcoin prices always go up as long as we are patient to wait and of course not panic.

I do not think that it matters how much money he is using, what matters is the fact that he is just doing it, and making that type of profit at the end of the day. If you have one hundred million dollars that means making another 100 million dollars is great for you, but if you have 100 bucks then making another 100 bucks should still be great for you because you didn't had too much to start with. That is why we should be happy with whatever we have.

Aside from that I agree with the fact that the price will definitely go up and that is why buying right now and keep buying when it goes down and waiting when it goes up is a great method, doesn't matter how much money you have, you should be happy to make that much money in such a "guaranteed" way, I mean can anyone really argue that bitcoin will never go back to 60k? Everyone knows it will, just not when.

if you want to trade short term it is the right way, but if you want to trade long term it is not the right way. if you want to invest long term you need to think twice about buying now, because no one knows whether the current bear market is over or not. today the trading volume of bitcoin fell quite sharply, this shows if there is no strong reason to go back up, let alone reach the price of $ 60k in the near future.

OP, I think this thread deserves more to be on a trading discussion board than speculation because it's about technique or how to trade.

The current bitcoin price tend to be more stable than the pump and dump action. The method you mentioned can be used in the hope that the price will drop to the level you have set for 5 stage of purchase. But it's possible the price will go up to $35K, $40K or $60K so if you just hope the price will continue to fall and reach level 5 of your target then it is still possible not to reach it while the price still has the potential to rise again to $35K or more. I don't know if the method you are going to use is the best way to anticipate price down, but I think it will also be of benefit to trader. 20% of capital used for each down price seem good.

I like that plan. do you have a plan where to add you investments, in case BTCUSD goes up?! You seem to be well prepared for falling prices, what about rising prices then? Just a thought...

Investing in bitcoin in different tranches is viable option as with the high it has fallen almost 50% and still it is falling a bit now as well. So I have as well divided my funds accordingly so that if it falls more I have some funds available to buy at that times. For long term investor it is an ideal time I feel as in next few months or by the year end do expect market to be back again in good shape.

Do it mate as long as you are sure enough if its the proper timing and you are not catching the falling knife then accumulate slowly much better if you wont invest all of your funds so that in the event that another dip will come you still have funds to buy the dip.

If you are seeking to invest back when the price is still 64k usd per bitcoin then now is the perfect time because you are already 50% discounted things that so many are asking and hoping to be discounted but now that it is already here? people are now denying that fact.
Why hesitate when this is already proven to be increasing ? specially if you are for long term holding , then just grab the opportunity or regret later.

As long as he knows about the risk and can deal with the risk, he will be okay and make sure that everything can run as he wants. If somehow his plan is not working, he might change or modify it with other things and maybe he will add some to fix the problem. That is why before we invest in bitcoin, we need to know how to anticipate if the direction changes like today.

That is just bitcoin, there are times for bull run, times for bear run, times for side ways price movement. There will certainly be a time for bull run after the price has decreased and now moving sideways, that is just certain, even if the price of bitcoin decreases more, it will still increase, we just have to be patient. Not that I am only having believe that the price of bitcoin will increase, having believe seem more like understatement for me because even with me if not believing, the price of bitcoin will still increase, all it will take is time.

Investment shouldn't be done for short term especially when you're thinking of investing in a market such as that of bitcoin. Judging from last records, bitcoin has always been profitable yearly excluding 2 years which the market hasn't performed well than the previous years that's to say the minimum your investment in bitcoin should last is a year anything less than that isn't idea in my opinion.

What OP has just outline is exactly what the community is preaching in terms of dollar cost averaging. One thing you should note is, to get an accurate measure you should invest identical sun for each investment assuming you had all your capital from the get go but if you have more funds you can add to get your hands in more bitcoin because you can never know if this might be the last time for it to be valued this low.

Every person does have their own capability towards financial which means we dont know on how much he would be putting up and it all varies on someones target or choice.
Thing here is that you do know  about risk because nothing is guaranteed in future because we dont know if bitcoin would progress on upcoming years to come or wouldnt
really make any significant move so it do really varies. Plan outcomes would neither result into positive or negative and when the time you do make out some investment
then you should always anticipate whenever on what would be result.

Now this is the time buy more. Cheap and hold it for long term. Keep up with the same procedure as long as you can, nothing wrong when you're talking about most trusted and bought BTC. BTC can down more further, $28K and $25K most desirable range investors get it but between $31k-$32k there also lot of buy order. We can't predict next week, so give your best shoot.

He can use his money and I think his plan will work well, as long as he can stick to his plan. We can assume if he will use $500 and for every investment will use $100. And if the price jumps to more than $100k at the end of this year or next year, that still a big profit for him, although he only uses $500. Unfortunately, he does not tell us how much money he will use to invest in bitcoin. We can only guess. I this his strategy will work in the future.

Of course, it is, you are following the right investment advice of buying low and selling high, the problem is we do not know the floor price, your first round of investment could be your last in the downward trend, so you to be ready to shift your plan and buy when it is moving up and you must be fast in doing this.

Since you believe that Bitcoin will reach back to $60,000, then you have the right decisions. Nevertheless, we can buy at $35,000 if we want to as we think that Bitcoin will pump in the future but buying during the dip is the best time.

Currently, the price of Bitcoin moving in sideways, it rises a few bucks and dumps again. if you were a trader, you can already make some profit from that gap but as your intention to sell them during the hypes, then I think you need to wait months or years before you can make a profit.

Well, in general, your plan is good and I ask you to stay focus and stick to your plan.

unstable market conditions like today, of course, we need some appropriate strategies to invest, but right now I personally prefer to wait for the right time to enter the market, especially in recent days the market often experiences price corrections and so I will try to enter when later the price has actually fallen to the bottom and bought some crypto for me to hold for a long time, whereas now it might be better to continue to monitor market conditions and try to trade daily with small values.

That FUD spread is not really the only reason why the price dropped down, I personally believe that we have seen the drop because it was a drop and I do not think that it is really that much of a problem to see that. I do not think that we should be focusing on the drops causes because in the end it happened and it is over. We should be focusing on reasons to get it high again which would be a lot more helpful.

I get that it is not something that is problematic to just let it be, I just feel like we are talking about something that is just irrelevant right now when we talk about the past, and we should always talk about the future to get us something profitable. Of course FUD could be the cause but I believe it was just bubbled up too much and when the hype died down then the price went low, there were FUD when we were going up as well but we ignored, we should do that again.

It is not a bad strategy, just remember to put those limit orders on the exchange so they can be fulfilled even if you are sleeping as you do not want to miss the opportunity just because you were not watching the markets, however I will add that you need to have a strategy in the case this never happens, after all I could see the 31k, 30k and the 28k orders eventually being fulfilled but I have my doubts about the 25k and the 20k limit orders so you need to know what would you do in the case this does not happen.

Bitcoin is always a good investment, and your goal will likely come, however, we never know when it will come. But yes, buy during the dip and I believe the price has dip already, but don't put everything yet, who knows, it will dump more and you can still accumulate a cheaper bitcoin. All I can say is that make bitcoin the biggest in your portfolio as it's the most popular asset and the biggest, if you'll follow that, the risk will be lowred.

You should always average in and average out of positions. Basically if you don’t know how then just buy at a certain time of the week or month of whatever price Bitcoin is at. This way you get some good buys, average buy and some which are overpaid but at least you got a good average. Much better than going all in at the wrong time.

Same with selling. You should average out, especially when price is going up. Most people assumed we would touch $100K at least and nobody knew we would peak at $64K. So those that took some profits are in a better situation than those that didn’t sell anything at all.

Yes, this is absolutely right.
The DCA investment strategy focuses on the potential long term profit by buying at a lower price which was also divided into several buys in hopes of the price to fall below the first or second buy.
This strategy also avoids investors to fomo once there's an uptrend of Btc's price.
So, for me this a good investment plan. At least you're securing your investment avoiding unnecessary losses, doesn't miss a good entry point, and a long term profit perspective.

Success is a mindset thing and making it in the Crypto industry is actually based on mindset and the technical Know-How that one has. And on the  basis  of  this lies the capability of making it in the industry.
But mind you that sometimes your prediction or evaluation might not be as accurate as you want it to be because someones else's loss is another person profit and so if you want to be on the save  side of not always running loss the proper technical knowledge is highly needed plus a moderate capital for investment.

If people are worried about buying bitcoin that is because they are either new or they are very high maintenance traders there is really no other choice. As a person who is big on long term bitcoin investment I find this plan to be perfectly capable of making anyone money in the long run, it could be a lot of money or it could be a little bit of money but you will make a profit from this idea.

Plus if you do this in current price you will definitely make money, if you did this when it was 60k you would still make a profit one day but it would take years before you could make a profit once again, or maybe not that long but at least that is what the goal would look like. So I do believe that for long term investors this is the right way to invest, what you said is a great idea and would definitely mean a lot of profit to anyone who follows those rules.

Bitcoin can go up again even that has been confirmed for me but I don't know when it will be and the future of bitcoin will definitely experience good growth from now onwards.
Have you seen the previous history of bitcoin which has reached ATH in 2017 then it was big bearish up to $3,800 and now it has reached ATH $64k it is not impossible that this will be multiplied for people who are ready of course they will invest for a long time even up to 5 next year.
If you are not strong enough to do that then just follow the flow of the market so you will know how the reaction is from day to day.

If you are not sure with your decisions to invest for future then maybe its good to see the history stats of bitcoin since from there you can catch up with those ideas that we can still see  more pumps with bitcoin  andd I'm not afraid with current situation since its good opportunity to buy some after it pull back  due to some fud spreadd. I believe that we  can see it rise again  at 60k but I'm expecting that 6 ATH will be break by bitcoins  in future.

That's the hardest thing though, to stick to the plan and not let your emotions run into you and sell your stash specially if you are looking for this plan for long term. But then again, everyone is very different, we all have plans, so it's either we succeed or fail in this game.

I do hope though that the price will go to $60k, I think that's what everyone expectations here. We have touch it before and obviously we can still do it before the end of the year.

The lesson here is just to be prepared on whatever the market brings to us.

it's a brilliant plan, keep buying even though the initial investment is losing...

but this idea can only be done by those who have good financial management skills. I'm sure I will imitate your method if the Bitcoin price keeps going down because I'm sure the Bitcoin price prediction will pass $ 100k.

This statement is accurate till now and whenever we have summer the price usually goes up and that was seen as a trend because people will be going for holiday and book their profit and then during Winter the price rallies, but there is a difference this time as there are huge investment from institutional investors and we have no idea what they are planning to do and when they will be booking their profit.

@OP, investing in stages is always the best option when the market is looking for directions.

sometimes selling is the right choice to avoid bigger losses, then buying back when it hits bottom. bitcoin is very sensitive to bad news, there is little bad news that hit bitcoin there will be many holders panic and then sell. people with big capital take advantage of this moment to buy.

Yes! Buying on dip is a good plan. Every now and then BTC will reach new all time high and subsequently a massive FUD and correction will take place. After correction we will see some weak hands selling and ranting "BTC Scam, Crypto sucks". It is a common strategy to buy on dip and sell on new high. TIP: Summer is the sale season for crypto and Winter is for raking your gains.

I guess you got a good plan but it's a matter of sticking on that plan and you should not do the "buy at high, sell at low" strategy. We may never know if it really goes to that level again but the sentiment is higher that it may happen but it's an understatement though.

Emotion will result to panic sell which is not worth it at all, I have checked and study the history of bitcoin price and noticed it is worth it waiting for market price to first decrease, the price was over $60000 before and now the price is $34000. Investing at $30000 which I have already did but with low amount is best for me, if the price increase, I will gain. But I am still waiting if the price of bitcoin will fall, I am expecting bitcoin can still fall to $20000, this will the price I will have my 100% investment on bitcoin but not necessary for this to happen because it might not fall to such extent. This strategy is beyond panic, I know it will work.

That is literally called DCA which is dollar cost averaging and it has been a thing for probably around over 3 decades now, at least as far as I know, maybe before that as well I can't say. It is a good idea of course and the best idea, I have been doing that for over a decade in investment and doing that for years in bitcoin as well and it has worked amazingly.

I do not stop when it is going up neither by the way, your idea is to buy when the price changes, my idea is that buy periodically every chance you get, like for example once a week, or once every two weeks or even once a month and keep doing that, that would ensure that you get bitcoin at every price, sometimes lower and sometimes higher. Thanks to this I did buy some at as low as 6k and as high as 50k but my average is under 20k right now and I can honestly say that I am very happy with it.

You have a good plan because by doing that, you can buy bitcoin at many low prices, which will give you profit if somehow, you want to sell some bitcoin at a high price. While you do that, you need to be careful because sometimes, bitcoin can drop for $2k but that will not be a problem because I see you already have more money to invest in bitcoin. I suggest you set your alarm so when the price start goes down, and you will know and prepare yourself to place your order for the price you want.

Currently Bitcoin and ETH will be good investments as per the market conditions the price of ethereum will increase as the price of bitcoin increases this is a good time to invest in seeing the price rise a lot more.

There's nothing wrong, this can be a profitable booster of course, if I have enough capital.. I will do what you are going to do, it's a good plan when the bitcoin price is in a downtrend, which is of course only temporary and can be used as another opportunity to buy if we have more money in the pocket.
It is very important that we are smarter in responding to the situation of price movements which actually still provide an opportunity to increase, a sense of patience and optimism is needed here, doubt only causes regret, and confidence is a booster for satisfying results and good luck to you.

buying bitcoin everytime when its going down probably a good idea mate.. But you need to pay a large of fees for that. Do you remember that it's still expensive? If you want to dived your investment into 5 you should calculate it now how much fee that you need to spend with it because for sure it will increase as well.. Just saying

You had a strong will to pursue that plans of yours, it's not a problem unless you had a long term patience. This isn't all about investment but we're talking here emotions, the more struggles you had more rewards will come. If I used to follow what reality is, most probably I became a millionaire by the time bullrun commenced this year. Unfortunately, it wasn't destined to happen because of too much ambitions.

This is okay, and you call it averaging. You are basically lowering down the costs of your entry prices, giving you a higher profit potential should your assets appreciate in value. It's actually an excellent strategy for people who don't really have that extensive knowledge in trading. However, this strategy doesn't end on just averaging down your buy-ins; you also need to have the patience of a god in order to not sell at a loss. In bitcoin, it may take weeks or months before price movements occur, so be ready on holding to your bags even if the urge to sell is strong.

That's a good strategy so you can still buy if ever the price goes down. I have never thought of this strategy until I've made mistakes and learned from the other people who probably have said the same scenario. It's actually a good strategy as long as you've got plans of investing and you're going to follow that. But, what if after you invest in $32k and then the price suddenly rises? are you still going to do the same thing and will still buy after each increase? Since your target is the past ATH.

In my opinion, it's not actually a bad stretegy, but Bitcoin may very well appreciate in price to something around $60k without having to fall down to $20k, and since you planned to continually buy as the price falls at intervals till it gets to $20k, that somewhat ruins your plans. If you believe in the network and you're a long term investor as well, buying all the coins in your budget all at one go is not a bad choice, you said it yourself that you believe the price could go above $60k, that makes the present price a good bargain and outrightly buying all the coins you need a good option.

You would call it on forex as Average down: Link

"When a trader purchases an asset, the asset’s price drops, and if the trader purchases more, it is referred to as averaging down.

It is called averaging down because the average cost of the asset or financial instrument has been lowered. "

Not a bad idea but risk would always behind.You wouldnt know if the price would go deep down further.

Similar to a stock market investment, you need to be thinking about a 5 year minimum long term plan for your money. There is too much super-fast technology that is focused on squeezing and draining every bit of money from short term traders, they rely on strategies and data analysis that can provide up to date evaluations of the current trends that you are very unlikely to beat. At a minimum you need to perceive where the price will be in 3 months time if you wish to trade it, however if you want to invest because you think it has foolproof long term potential then dollar-cost averaging might be the way to go - put a fixed amount in each month so you benefit from peaks & troughs in the price over time.

the investement in bitcoin is good but if you wait for long term 2 year or more , for your strategie of investement buying bitcoin now and buying another time or every time prices fall it think it is good if you have more money or salary . but for traders that have only one investement without salary it is very dificult to reduce the loss if prices fall or bitcoin crash for this reason they sold their bitcoin for buying cheap . the problem too is if priced rise they will buy again with loss ?

Investing in stages is the best solution in investing crypto compared to buying all at once, this investment method can speed up the recovery of losses if when the price of btc goes down then rises back to the initial price on the first investment, I only share 3 stages in investing with each range further apart.

Absolutely, and this is going to answer the OP's question partly too, but whenever you are investing whether its for the long term or for short term trading, you should try to remove as much emotion from it as possible. Bots, are extremely good for this, and if you don't interfere with them you should profit over time, at least judging by the history of Bitcoin, you would only profit in the long run.

Emotion is what causes panic buying, and selling. The OP's method above is fine, but instead of manually doing it, I would probably use a bot or setup automated payments on an exchange if they allow it, so you remove that emotional element.

For me, if I have the money, I think this is probably the right time to buy bitcoin since it's basically 40% or so of the current ATH and you don't want to miss out on that percentage when the prices spike up higher than the current ATH.

No matter how you plan your investment, the most important thing is not to gamble with money that you are not ready to lose - in other words, do not invest the money you need and do not borrow for risky investments. However, you should be aware that your plan has one drawback, and that is that you will not be able to fully implement it if the price stays above $30 000 - which would mean that 60% of the money you plan to invest will remain unused.

If you really believe that the price will reach $60k again, every investment at this point means 100% profit - although I understand that at this point many expect some new drop of at least 15% -20%. Sometimes greed can be expensive, but it should still be the choice of each individual.

With this, you can never go wrong.
The only thing right now is that, are you patient enough to wait?? Are you ready if for example your investment losses its value since Bitcoin might go down even further?

If you're answer to the 2 is yes then this is a good plan for you. You believe that Bitcoin will go back to its ATH @$64,000 which will definitely happen. A good investment plan for me and you can never go wrong with investing into Bitcoin as long as you are willing to hold if it goes down. After all, Bitcoin will go up and up like what it is doing right from the start. It might be going up and down but the trend is upwards so...... yeah. Just put your money into Bitcoin and just hold .

This looks like a good plan,as long as your expectations become reality.
What if the Bitcoin price doesn't drop below 30K USD?Will you just keep waiting and not investing the rest of your capital?If you are so sure that a big price drop will occur,then why don't you try and take advantage of it by shorting your BTC?I'm not giving you any financial advise.I'm just asking why are you so confident that the Bitcoin price will drop?

OP, good plan! But don’t be afraid to make your second bid, and subsequent bids lower. Because if Bitcoin crashes below $30,000 in a truly convincing way, you can be sure that bids made at $20,000 to $25,000 will be hit. Prepare for the worst hope for the best. Plus you can always average up on strength by buying dips during a surge.

Yes, I think that is a good investment plan because you can split your funds into a few parts, which can help you buy bitcoin at a low price.
If the price is not down to your target price, you do not need to worry because if the trend still goes down, you will have that chance to buy bitcoin.
But I hope the price will not go down below $30k and if that will not happen, I think you need to know what you should do because the market is hard to predict.

Sounds like you’re describing dollar cost averaging which is a good investment strategy. Might I also suggest considering putting in X amount of dollars over a certain time frame. That way if your low price targets aren’t hit you are still purchasing some so you don’t miss out on price increases. I think strategies like this take the emotional element out of investing which is usually new traders’ downfall.

I have done that in the past because we never know exactly the floor price or when the price will go up again, it's actually a good strategy the only negative side is on your first part of the purchase the price goes up and starting to go up, you have no choice but to pick up the current price when it is going up, I also believe that the price will reach $60k again hopefully this year.

You can never go wrong investing when the price is going down. So for me this is a good strategy, and as long as you can accumulate and look to hold it for long term, so you don't have to worry. We already know bitcoin's track record, so if the price hits $60k, you are already making profits.

This is the classic, BTFD a winning strategy so at least you are also mitigating the risk on your part. Goodluck!!

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?